5 Island Avenue LF, Miami Beach, FL 33139

New Listing

$464,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11994765

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 950 Status: Active

Current Price: $464,000 List Date: 8/19/2026 Last Modified: 8/19/2026

Overview

Description

Well-designed and spacious 1BD/1.5BA LANAI residence right on the bay in Miami Beach's acclaimed Sunset Harbour neighborhood. Ideally located on Belle Isle, Island Terrace is a unique waterfront building designed by renowned mid-century architect Morris Lapidus. Offering a rare ground-level entry, this pied-a-terre combines convenience and privacy with direct access to the pool deck - no elevator needed.Filled with natural light, the apartment features generous living spaces, large volumes, and a functional layout. The primary suite includes an ensuite bathroom and a walk-in closet, complemented by a guest bathroom.Enjoy a unique indoor-outdoor lifestyle with your morning coffee just steps from the bayfront. The building offers a waterfront pool with infinity views of the bay and city skyline, kayak launch, bike storage, fully equipped fitness center, elegant common areas, 24-hour front desk service, and onsite management. Pet-friendly.A Venetian Island gem, with great walkability, jus ... (Read more)

Listing Details MLS# A11994765

General Property Information

Unit Floor #: Yes
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: 2
Bathrooms Full: Yes
Bathrooms Half: Yes
Building Area Main: 950
Living Area Main: 950
Adjusted Area Main: 950
Year Built: 1967
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: Yes
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 16

Property Features

Application Information: 1-2 Weeks Approval; Association Approval Required Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Elevator; Maintenance Grounds; Pest Control; Pool Service; Reserve Funds; Sewer; Trash; Water Flooring: Tile; Vinyl Leasing Permitted Details: Okay To Lease With Restrictions Parking Features: Assigned Property Condition: Resale; Updated/Remodeled Appliances: Dishwasher; Electric Range; Oven; Refrigerator Construction Materials: CBS Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Bar; Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow Restrictions: Lease Restrictions; See Remarks Security Features: Closed Circuit Camera(s); Lobby - Attended; Security System Special Information: Sold As-Is View: Other Water Access: None Waterfront Features: Bayfront Window Features: Sliding Showing Requirements: 24 Hour Notice; Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 464000
Occupant Type: Owner

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 5
Street Name: Island
Street Suffix: Avenue
Unit Number: LF
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 1364
Postal Zip: 33139
Subdivision Name: ISLAND TERRACE CONDO
Area: 2320
Elementary School: North Beach
Middle Or Junior School: Miami Beach Nautilus
High School: Miami Beach
Special Assessment YN: No
Parcel Number: 0232330440030
Subdivision Number: 44
Flood Zone: AE
Directions: Island Terrace at 5 Island Avenue - across from the Standard Hotel & Spa.

Financial Information

Association YN: Yes
Association Fee: 1425
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 1425
Membership Fee Required YN: No
Tax Annual Amount: 6309
Tax Year: 2025
Tax Legal Description: ISLAND TERRACE CONDO UNIT L-F UNDIV .6481% INT IN COMMON ELEMENTS CLERKS FILE 74R-239278 OR 16065-0315 0993 1

Status Change Information

Major Change Timestamp: 2026-08-19T05:15:47Z
Major Change Type: Back on Market
Status Change Date: 2026-08-19

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease With Restrictions: Yes

Parking Information

Open Parking Spaces: Yes

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Price Calculations

Current Price To SqFt: 488.42

Section Details

Parcel Number MLX: 0030

Originating Details

Originating System Key: 449314836
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes
Association Approval Required: Yes

Amenities

Bike Storage: Yes
Community Room: Yes
Elevator(s): Yes
Fitness Center: Yes
Laundry: Yes
Management: Yes
Pool: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Elevator: Yes
Maintenance Grounds: Yes
Pest Control: Yes
Pool Service: Yes
Reserve Funds: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Flooring

Tile: Yes
Vinyl: Yes

Parking Features

Assigned: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes

Heating

Central: Yes

Water Access

None: Yes

Window Features

Sliding: Yes

Appliances

Dishwasher: Yes
Electric Range: Yes
Oven: Yes
Refrigerator: Yes

Construction Materials

CBS: Yes

Interior Features

Bar: Yes
Walk-In Closet(s): Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Closed Circuit Camera(s): Yes
Lobby - Attended: Yes
Security System: Yes

Waterfront Features

Bayfront: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes
Showing Service: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes
Master Bdrm - Ground: Yes
Separate Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Restrictions

Lease Restrictions: Yes
See Remarks: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Listing Office: One Sotheby's International Realty

Last Updated: August - 19 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

5 Island Avenue LF, Miami Beach, FL 33139 (MLS# A11994765)